Recently Issued Accounting Guidance

9 Months Ended

Dec. 31, 2011

Recently Issued Accounting Guidance [Abstract]

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

RECENTLY ISSUED ACCOUNTING GUIDANCE

In June 2011, the Financial Accounting Standards Board (FASB) issued amended disclosure requirements for the presentation of comprehensive income. This guidance eliminates the option of presenting the components of other comprehensive income (OCI) as part of the statement of changes in equity. Under this amended guidance, all changes in OCI are to be presented either in a single continuous statement of comprehensive income or in two separate but consecutive financial statements. This change is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, and is to be applied retrospectively. The Company does not expect this guidance to have an impact on the consolidated financial statements as it only relates to changes to the financial statement presentation.

In September 2011, the FASB issued an update to existing guidance which permits an entity to make a qualitative assessment of whether it is more likely than not that a reporting unit's fair value is less than its carrying amount before applying the two-step goodwill impairment test. If an entity can support the conclusion that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it would not need to perform the two-step impairment test for that reporting unit. This guidance is effective for annual and interim goodwill impairment tests performed in fiscal years beginning after December 15, 2011. Early adoption is allowed. The Company does not expect this guidance to have an impact on the consolidated financial statements.